TORONTO, May 28, 2014 /PRNewswire/ - Cerro Grande Mining Corporation
(the "Company" or "CEG") (TSX: CEG) (OTCQX: CEGMF), further to the
Company's press release of January 27, 2014, the Company has been
advised by the Toronto Stock Exchange ("TSX") that the Continued Listing Committee of the TSX has determined to
defer its delisting decision until not later than June 27, 2014.

Should the TSX decide to delist the securities of the Company, the
Company intends to pursue a listing of its securities on the TSX
Venture Exchange and ensure, to the extent possible, uninterrupted
trading for the Company's securities.

Cerro Grande Mining Corporation is a minerals producing, exploration and
development company with properties and activities currently focused in
Chile.

Cautionary Statement on Forward-looking Information

Forward-Looking InformationThis press release may contain forward-looking statements based on
assumptions, uncertainties and management's best estimates of future
events. All statements that address future activities, events or
developments that the Company believes, expects or anticipates will or
may occur are forward-looking information. Forward-looking information
is based upon assumptions by management that are subject to known and
unknown risks and uncertainties and other factors that may cause actual
results to differ materially from those expressed or implied by the
forwardlooking information. Factors that may cause actual results to
vary materially include, but are not limited to eligibility to list the
securities of the Company on the TSX Venture Exchange and changes in
general economic conditions or conditions in the financial markets.
Such forward-looking information is based on a number of assumptions,
including but not limited to, there being no significant decline in
existing general business and economic conditions. Accordingly, readers
should not place undue reliance on forward-looking information. The
Company undertakes no obligations to update publicly or otherwise
revise any forward-looking information, except as may be required by
law. For a more detailed discussion of such risks and other factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements, refer to the
Company's filings with the Canadian securities regulators available on www.sedar.com.